The Pandora Papers, Fed’s Leadership Crisis and the Future of Money


This week’s “Money Reimagined” episode is framed by some bombshell information developments which can be including gasoline to a fireplace of distrust in authority that’s been allowed to kindle right into a raging menace to world monetary establishments.

This episode is sponsored by Quantstamp.

Hosts Sheila Warren and Michael Casey are joined by Wall Street Journal reporter Michael S. Derby and crypto entrepreneur Maya Zhehavi to debate two units of revelations that go to the coronary heart of these issues and what they indicate for the crypto business.

One is the Pandora Papers investigation, the outcomes of which had been launched final week and which the blew the lid off an elaborate world system of obfuscation by which a really lengthy listing of wealthy, highly effective political leaders, enterprise individuals and celebrities have evaded trillions of {dollars} in taxes and averted scrutiny of their questionable enterprise actions.

The different revolves round some revelations about inventory buying and selling exercise by Federal Reserve officers, which led to the resignation of the heads of two regional Fed banks and has put Chairman Jerome Powell’s renomination prospects in jeopardy.

The present dives into what has occurred and what this implies for confidence in the monetary system and its stewards. How a lot does it matter that individuals really feel as if the system is designed not for them, however for elites? Will these feed into religion in cash itself? And, in that case, what comes subsequent? Is it bitcoin? Stablecoins? Central financial institution digital currencies that compete with one another?

Having a seasoned Fed reporter in the combine of friends, the dialog inevitably additionally dives into the outlook for a digital greenback and what aims it might serve.

This episode was produced and edited by Michele Musso with bulletins by Adam B. Levine. Our theme tune is Shepard.